Compare mortgage rates and fees for leading lenders in Grand Island, NE. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Grand Island.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Grand Island. Plus, shopping lenders is free and there is no obligation.
October 22, 2019
The current average rate for a 30 year fixed rate mortgage in Grand Island is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
The median home value for Grand Island, NE (Hall County) is $150,150
The median household income for Grand Island, NE (Hall County) is $55,452
Based on current mortgage rates and a 10% down payment, you need to make $27,858 per year to buy the median priced home in Grand Island
The home price you can afford to buy based on household income in Grand Island is 199% of the median home value which means housing prices are average
Grand Island (Hall County) ranks 88 out of 93 counties in Nebraska and 1,607 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Grand Island, NE is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Grand Island (Hall County) below.
Conforming loan limits for Grand Island, NE
FHA loan limits for Grand Island, NE
VA loan limits for Grand Island, NE
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index